Property for Sale
Property For Sale In Edmonton
- MLS®#: 43870856
- Price: $1,195,000
- Year Built: 1940
WELCOME TO THIS WELL-MANAGED, HIGH-DEMAND MULTI-FAMILY BUILDING IN EDMONTON'S DOWNTOWN EAST AREA. This property offers 27 UNITS, EACH WITH THEIR OWN KITCHEN OR KITCHENETTE, making it an ATTRACTIVE OPTION FOR TENANTS SEEKING CLEAN, QUIET, AND AFFORDABLE HOUSING.There are 11 BATHROOMS throughout the building: 2 UNITS HAVE THEIR OWN FULL BATH, 7 UNITS HAVE PRIVATE 2-PIECE BATHS, and the REMAINING UNITS SHARE WELL-MAINTAINED FACILITIES. The building also includes ON-SITE LAUNDRY, adding convenience for tenants and supporting consistent occupancy.IMPORTANT BUILDING UPGRADES include a 2004 BOILER and 2020 ROOF, contributing to REDUCED FUTURE CAPITAL REQUIREMENTS. An INTERNAL WEEPING TILE SYSTEM has been installed to PROTECT THE FOUNDATION and EXTEND THE LONG-TERM DURABILITY of the building, A SIGNIFICANT VALUE ADD for INVESTORS SEEKING A STABLE, LOW-MAINTENANCE ASSET.TURNOVER IS EXTREMELY LOW, with MANY LONG-TERM TENANTS. A STRONG, TURN-KEY INVESTMENT WITH STABLE CASH FLOW, LOW MAINTENANCE NEEDS, AND LONG-TERM
Contact Caitlin Heine About MLS® 43870856
Caitlin Heine, 1.587.400.SOLD (7653) at Elisse Moreno (REALTORS® with RE/MAX Real Estate), Suite 200, 10835 – 124th Street NW, Edmonton, Alberta, T5M 0H4
property information
- MLS®#: 43870856
- Year Built: 1940
Community Information
- City: Edmonton
- Postal Code: T5H 2J3
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